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Tuesday, May 14, 2024

Energy

Ayala’s renewable energy arm unveils plan to develop Texas wind project

ACEN Corp., Ayala Group’s listed energy arm, said Monday its subsidiaries are investing in a 165.6-megawatt wind project in Texas, United States. ACEN said in a disclosure to the stock exchange the board of its subsidiary ACEN International Inc. approved on May 10 the acquisition of and investment directly by ACEN International or through an affiliate in the Hackberry Wind Project in Shackelford County, Texas. The company said the transaction is...

NEA tells ECs to tap anti-bill shock program

State-run National Electrification Administration (NEA) asked electric cooperatives (EC) during a summit...

EDC gets SEC nod for P10-b ASEAN green bonds offering

The Securities and Exchange Commission approved the sale of the second tranche...

SPNEC bounced back to post P47.5-m income in first quarter

Solar energy firm SP New Energy Corp. (SPNEC) saw its first-quarter net...

LATEST Energy

LATEST

Vivant acquires 22-MW solar project in Bulacan

Vivant Energy Corp. said Thursday it acquired the project company that will own and operate a 22-megawatt solar plant in San Ildefonso, Bulacan. “The transaction...

Group warns of rotating blackouts in second quarter

Climate and energy group Institute for Climate and Sustainable Cities warned of yellow and red alerts, with possible rotating blackouts in Luzon, in the...

Spot market electricity prices rose in December on thin supply

Electricity prices at the Wholesale Electricity Spot Market went up slightly in December because of thin supply despite the lower demand. Preliminary effective spot settlement...

Samsung PH asks P252-m reimbursement from Meralco

Samsung Electro-Mechanics Philippines Corp. is calling for a P252.1-million reimbursement, representing the fuel cost recovery adjustment from MPower, Manila Electric Co.’s retail electricity supplier. SEMPHIL...

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